BlackRock Inc. acquired a new position in The RealReal, Inc. (NASDAQ:REAL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 11,408,817 shares of the company's stock, valued at approximately $134,510,000. BlackRock Inc. owned about 9.47% of RealReal at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in REAL. Vanguard Group Inc. boosted its holdings in RealReal by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company's stock worth $99,991,000 after buying an additional 406,789 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of RealReal by 58.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company's stock valued at $36,765,000 after buying an additional 1,489,939 shares in the last quarter. State Street Corp increased its holdings in shares of RealReal by 4.2% in the fourth quarter. State Street Corp now owns 2,746,238 shares of the company's stock valued at $43,336,000 after buying an additional 111,677 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of RealReal by 6.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company's stock valued at $27,944,000 after acquiring an additional 162,804 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of RealReal by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,447,182 shares of the company's stock valued at $38,624,000 after acquiring an additional 53,567 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on REAL shares. BTIG Research restated a "buy" rating and issued a $17.00 target price on shares of RealReal in a report on Wednesday, June 3rd. Roth Capital reaffirmed a "buy" rating and set a $19.00 target price on shares of RealReal in a report on Friday, August 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of RealReal in a research report on Friday, July 17th. UBS Group lifted their price target on RealReal from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Finally, Robert W. Baird set a $13.00 price objective on RealReal in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, RealReal has a consensus rating of "Moderate Buy" and a consensus price target of $17.75.
Check Out Our Latest Stock Report on REAL
Insider Activity
In other RealReal news, insider Luke Thomas Friang sold 22,028 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $241,867.44. Following the completion of the sale, the insider owned 508,648 shares in the company, valued at approximately $5,584,955.04. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Levesque Rati Sahi sold 84,432 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.98, for a total transaction of $927,063.36. Following the completion of the transaction, the chief executive officer directly owned 1,496,844 shares of the company's stock, valued at approximately $16,435,347.12. This represents a 5.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 173,004 shares of company stock worth $1,899,283. 2.66% of the stock is currently owned by insiders.
RealReal Stock Performance
RealReal stock opened at $10.93 on Friday. The RealReal, Inc. has a 52 week low of $7.30 and a 52 week high of $17.39. The firm has a market capitalization of $1.33 billion, a PE ratio of -9.76 and a beta of 2.69. The business's 50-day simple moving average is $11.59 and its 200-day simple moving average is $10.86.
RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. The company had revenue of $192.57 million for the quarter, compared to the consensus estimate of $188.11 million. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. Research analysts forecast that The RealReal, Inc. will post -0.13 earnings per share for the current year.
About RealReal
(
Free Report)
The RealReal, Inc NASDAQ: REAL operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.
At the core of The RealReal's business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.
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